Author: NBTC
Polygon PoS is seeing an upgrade in tandem to Ethereum’s Dencun upgrade The Napoli upgrade is an upgrade of Ethereum’s Cancun upgrade, bringing multiple benefits to nodes and improving the overall health of the network. Polygon (formerly known as Matic Network) is continuing to make strides in improving the user experience and network efficiency with their brand new upgrade that has just dropped. The Napoli upgrade aims to enhance the overall functionality of the Polygon platform and provide users with a better experience. The Napoli update aims to improve the user experience and the Polygon platform’s overall functionality. Accompanying it…
The Abu Dhabi Global Market (ADGM) has signed a memorandum of understanding (MoU) with leading blockchain auditing firm Hacken to ensure strict adherence to minimum industry benchmarks. According to a joint statement by both parties, the collaboration will pave the way for new security standards as ADGM pivots toward blockchain and other emerging technologies. Described as a “unique synergy,” the MoU seeks to create new on-chain monitoring solutions in line with global best practices. The arrangement will be focused on ADGM’s DLT Foundations framework, a regulatory playbook for operators in the free-trade zone. The framework provides step-by-step guidance for service…
Ethereum, the second-largest cryptocurrency by market capitalization, has recently marked a significant milestone in its network growth despite facing a bearish market trend in terms of price fluctuations. According to data shared by Santiment, a leading provider of on-chain metrics, Ethereum witnessed a remarkable surge in new wallet creations over a two-day period, underscoring the resilience and expansion of the Ethereum network. On April 28th and 29th, a staggering 266,600 new wallets were added to the Ethereum blockchain, representing the highest influx of new users since October 8th and 9th, 2022. This surge in wallet creations is a clear indication…
Glif, the largest protocol and liquid credit platform in the Filecoin (FIL) ecosystem, announced that it has launched its points program before the token launch. Filecoin storage providers (SPs) and liquidity providers (LPs), the two parties in the Glyph system, are eligible to earn points. Glif stated that points will be awarded to both past and future SPs and LPs. As a liquid leasing protocol, Glif allows Filecoin (FIL) token holders to deposit FIL into a liquidity pool. In return, they receive iFIL, Glif’s native liquid rental token. SPs rent the accumulated FIL and pay back the rental fees to…
An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation. The move comes just days after Worldcoin announced a planned expansion in Mexico. Some Mexican lawmakers have also called for a probe into operator Tools for Humanity. Argentina Lawmaker: We Must Protect Consumer Rights Per the official news outlet of the Buenos Aires assembly, the new bill is the brainchild of Buenos Aires parliament member Carlos Puglelli. The MP, and others, have claimed it is “unclear” what Worldcoin does with the biometric data it collects using its iris-scanning drives. Puglelli’s…
Turbos Finance, a decentralized exchange (DEX), has unveiled two market-first liquidity strategies within the Sui (SUI) ecosystem, according to the information shared with Finbold on May 2. The new strategies aim to revolutionize automated liquidity management and simplify liquidity provision. Turbos Finance’s liquidity strategies The first strategy is a network-centric automated liquidity management vault for CLMM positions on the Turbos DEX within the Sui network. The second is an innovative Auto-swap capability combined with Dollar-Cost Averaging (DCA) strategies meant to simplify liquidity provision. With these automated rebalance vaults, liquidity providers (LPs) can increase their returns with less effort. On the…
As the larger part of the cryptocurrency market begins to recover from the recent bearish hiccup, Ethereum (ETH) is no exception, but artificial intelligence (AI) algorithms currently do not see this recovery as a bullish sign for the crypto asset in the next several weeks. Indeed, the second-largest crypto asset by market capitalization is slowly pushing back up toward retaking the $3,000 level it had lost earlier this week after nearly two months of trading above it, following the most active day on its network for at least one year, according to the most recent charts. Ethereum price prediction May…
If the 25 year prison sentence announced today for disgraced FTX founder Sam Bankman-Fried came as a shock to any, here’s a related development that will surely surprise no one: Degens churned up multiple meme coins to piggyback on the news, which in some cases surged over 30,000% in value before plummeting back to worthlessness. On Ethereum scaling network Base, some intrepid crypto user created a meme coin called “Sam Baseman Fraud” around 6:00 am ET, hours before Bankman-Fried’s sentencing hearing was set to begin. By 1 pm, just after the hearing concluded, the token (FTX) had spiked nearly 35,000%…
A contrite Changpeng “CZ” Zhao has been sentenced to four months in federal prison, for his apparently limited role in the illegal activity at Binance, the crypto exchange he founded in 2017. U.S. District Judge Richard Jones in Seattle specifically noted CZ’s many contributions to charity, as well as willingness to accept responsibility, all while downplaying the idea CZ had any foreknowledge that Binance was intentionally committing crimes. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The sentence…
A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance. Bitcoin CDD Registered Spikes Before Recent Price Plunges In a new post on X, an analyst has discussed about how the Coin Days Destroyed (CDD) on-chain indicator may be used to identify selling pressure in the market early. A “coin day” refers to the quantity that 1 BTC accumulates after staying still on the blockchain for 1 day. When a token stays dormant for a while, it naturally accumulates some number of coin days, and…